MARKETABLE SECURITIES (Tables)

12 Months Ended

Oct. 31, 2014

MARKETABLE SECURITIES

Amortized Cost and Fair Value of Marketable Securities

The amortized cost and fair value of marketable securities at October 31 in millions of dollars follow:

	Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses			Fair Value
2014
Equity fund		$	39		$	6					$	45
Fixed income fund		10									10
U.S. government debt securities		806			3			$	1		808
Municipal debt securities		31			3						34
Corporate debt securities		167			7			2			172
Mortgage-backed securities*		145			3			2			146
Marketable securities		$	1,198		$	22		$	5		$	1,215
2013
Equity fund		$	18		$	2					$	20
U.S. government debt securities		1,309			5			$	2		1,312
Municipal debt securities		34			2						36
Corporate debt securities		135			6			3			138
Mortgage-backed securities*		121			2			4			119
Marketable securities		$	1,617		$	17		$	9		$	1,625

* Primarily issued by U.S. government sponsored enterprises.

Contractual Maturities of Debt Securities

The contractual maturities of debt securities at October 31, 2014 in millions of dollars follow:

	Amortized Cost			Fair Value
Due in one year or less		$	722		$	723
Due after one through five years		90			93
Due after five through 10 years		140			143
Due after 10 years		52			55
Mortgage-backed securities		145			146
Debt securities		$	1,149		$	1,160